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Dec 9, 2013 1:30am EST
in order to grow the economy out of the current debt. you need to have the stimulus. but not just in banks and others, but others who have the safety net and those who spend the vast proportion of their income. and as i will show you, we will see that a lot of safety nets actually preserve the business to pay off longer-term debt. and the imf did recognize this after the staging crisis occurred. it was the first time a formal apology was issued and it took five years, one of the most dramatic apologies of the international institution possible. coming to the current recession, we see again a vast divergence across the country and you might have heard recent reports that alcohol drinking has gone down with the recession in the united states. and that is a bit disingenuous. it's alcohol sales that has gone down. and drinking has sort of emerged across the country and most people have bought less as they have less money in their wallet. but a smaller population, particularly young men, have either had trouble finding work or were unable to maintain work and have started frequent binging. and
Dec 2, 2013 12:30am EST
a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to go in tackling youth unemployment and worklessness among people between the ages of 16 and 24. i am always happy to meet with him, perhaps a suitable moment might be when i am in cornwall. >> house prices are going up at a time when real wages are going down. does the prime minister accept that when interest rates go up after the election, it will detonate a sub-prime debt crisis of his making? >> the greatest danger in terms of interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this country should dread. >> order. >>
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